William Blair Investment Management LLC Cuts Position in Kite Realty Group Trust $KRG

William Blair Investment Management LLC trimmed its position in Kite Realty Group Trust (NYSE:KRG) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,284,604 shares of the real estate investment trust’s stock after selling 132,482 shares during the quarter. William Blair Investment Management LLC’s holdings in Kite Realty Group Trust were worth $30,792,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State of Wyoming purchased a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at about $516,000. Candriam S.C.A. purchased a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at about $2,066,000. Envestnet Asset Management Inc. raised its holdings in shares of Kite Realty Group Trust by 22.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 300,382 shares of the real estate investment trust’s stock valued at $6,699,000 after buying an additional 54,914 shares during the period. Centersquare Investment Management LLC raised its holdings in shares of Kite Realty Group Trust by 9.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust’s stock valued at $181,320,000 after buying an additional 733,378 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of Kite Realty Group Trust by 227.5% during the 3rd quarter. AlphaQuest LLC now owns 62,930 shares of the real estate investment trust’s stock valued at $1,403,000 after buying an additional 43,716 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KRG has been the topic of several analyst reports. Citigroup reiterated a “neutral” rating and set a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Wells Fargo & Company raised their price objective on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Finally, Robert W. Baird raised their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.86.

Kite Realty Group Trust Price Performance

Shares of KRG opened at $27.07 on Monday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 4.18 and a beta of 0.86. The stock has a 50 day moving average of $25.63 and a 200-day moving average of $24.47. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. Kite Realty Group Trust has a 52 week low of $20.86 and a 52 week high of $27.08.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $200.70 million during the quarter, compared to analyst estimates of $198.37 million. Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, analysts forecast that Kite Realty Group Trust will post 2.1 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th will be given a $0.29 dividend. The ex-dividend date is Thursday, July 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.3%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 87.22%.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.